Core Banking Solutions

Certificates of Deposit

Core Banking's Certificate of Deposit module provides maximum flexibility in handling a wide variety of Time Deposit instruments. Features include:

• Standard interfaces available for many deposit origination systems
• Fixed and variable rate products; Various interest accrual methods
• Automatic user defined early withdrawal penalty calculation
• Interest payment by check, transfer to DDA or Savings account, or add on
• Backdated transaction capability
• Define products by using user defined CD class codes; Automatic renewal capabilities, including renewal notices
• User defined fields - multiple types
• Call report information breakdown - comprehensive Call Report capabilities
• Message archiving at the account level
• Year-end processing and forms printing
• Federal backup tax withholding
• Automatic interface to Core Banking System's General Ledger
• Includes Funeral Home and Lease Security System
• And more